Bando Leveraging Portal's Cutting-Edge Infrastructure for LATAM

Bando, a trailblazer in the world of crypto, stands out from the market with its offering of innovative Web3 tools specifically tailored to the LATAM market. As an on/off ramp, Bando uses Portal's wallet-as-a-service infrastructure, particularly the Enclave MPC API, to revolutionize its internal Treasury operations.

Bando's Vision for LATAM

Bando's mission is to transform the financial landscape in LATAM by providing a seamless and secure on/off ramp solution. Bando bridges the gap between traditional finance and the emerging crypto economy by making it easier for businesses and individuals to access and use digital assets. Designed with the LATAM user in mind, Bando’s features focus on a simplified user experience backed by the power of DeFi: self-custodied assets, low fees, and mobile-first.

Portal's Enclave MPC API: The Backbone of Bando's Treasury Operations

Bando uses Portal’s Enclave MPC APIs to implement a treasury management system for their payment operations - the core backbone of Bando’s on/off ramp and remittance business between US and Mexico. With the Enclave MPC APIs, Bando is able to:

• Quickly support treasury holdings of new chain assets with wallets
• Sign transactions with multiple DeFi protocols and beyond
• Implement easily with just a couple of quick API endpoints 

What is the Portal Enclave MPC API?

Portal's Enclave MPC APIs offer a fast and efficient mechanism for integrating an MPC signer into any application across Ethereum, EVM-compatible chains, and Solana-based chains. This API allows apps to harness the security and speed of an MPC signer without the need for complex in-house code development. The installation process is remarkably quick, taking only a few minutes to set up.

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Companies such as on/off ramps, tokenization platforms, and centralized exchanges can use the Enclave MPC APIs to create a hot wallet for treasury fund management. This versatility enables companies to manage their internal treasuries, or handle treasuries on behalf of their end users, with unparalleled efficiency and security. Bando uses the Portal API to handle day-to-day treasury operations, securely connecting to exchanges to manage liquidity needs.  

Impact on the LATAM Market

The enhanced security, speed, and efficiency provided by Portal's Enclave MPC APIs will allow Bando to offer superior services to its users, driving the adoption of crypto in the region.

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"Bando is committed to transforming the financial landscape in LATAM with a secure on/off ramp. Our tools, powered by Portal's wallet-as-a-service, ensures efficient and transparent treasury operations" - Abraham Cobos Ramírez, Bando Founder

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Bando's partnership with Portal exemplifies the synergy created when innovative companies partner to build what was previously impossible. As Bando continues to use Portal's state-of-the-art Enclave MPC API, the LATAM market can expect to see significant advancements in the accessibility and efficiency of crypto-based financial solutions.

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